DTN Closing Livestock Comment 10/30 16:06
30 Oct 2019
DTN Closing Livestock Comment 10/30 16:06 All Three Livestock Markets Close Over $1 Higher Bears spent the day hibernating while the bulls took full control of Wednesday's market. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: John Wayne may have whispered from above to the livestock market, "Ya know, we're burin' daylight," and from that spur of inspiration, Wednesday's market got to work. December live cattle closed $1.47 higher, November feeder cattle closed $2.40 higher and December lean hogs closed $1.45 higher. Hog prices are lower on the National Direct Afternoon Hog Report, down $1.48 with a weighted average of $49.60. December corn was up 4 1/2 cents per bushel, and December soybean meal was down $0.80. The Dow Jones Industrial Average was up 115.27 points and the NASDAQ was up 27.13 points.